SOLD
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Sold on 09 Oct 2024 for $645,000

16 King Street
Korumburra VIC 3950

Bedrooms: 3
Bathrooms: 2
Car spaces: 6
Land area: 1496m2
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Property Details for 16 King St, Korumburra

16 King St, Korumburra is a 3 bedroom, 2 bathroom House with 6 parking spaces. The property has a land size of 1496m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 3 bedroom House sold in Korumburra in the last 12 months.

Building Type
House
Land Size
1496m2
Local Government
South Gippsland
Lot/Plan
1/TP375518

Last Listing description (October 2024)

Imagine a life where you're at the centre of it all—where the heart of Korumburra beats just steps away from your front porch. Welcome to 16 King Street, a striking Californian bungalow that exudes character and charm at every turn.

Sitting on an impressive 1,496m2 block, prime for future development, this is an investment in Korumburra's bright future. Revel in the spacious interiors, recently upgraded with new carpets, flooring and paint throughout. High ceilings and a deluge of natural light make every room a sanctuary, but it's the views over the entire township that will truly capture your heart.

With three spacious bedrooms including an ensuite to the master, the layout accommodates both families and investors. For the savvy investor, the property returns a robust $24,440 per year, backed by a fantastic long-term tenant, making the investment potential as brilliant as the location. For the owner occupier, the property can be available with vacant possession.

Step outside to enjoy established cottage gardens and a massive backyard where limitless adventures await. All just a short stroll to the football ground, tennis club, bowls club and the new supermarket complex is just 100m away.

16 King Street isn't just a place to live—it's a place to love, cherish, and call home for generations to come. Properties of this size and calibre are rarely seen in today’s market and your inspection is highly recommended.

Looking to buy, sell or rent in South Gippsland? Get in touch with your expert team today and call Jack Gilchrist on 0411 181 577 or Jassy Batrouney on 0428 294 388 or pop into our office at 8/43-49 Little Commercial Street, Korumburra.

Note: Every care has been taken to verify the accuracy of the details in this advertisement, however we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves of any pertinent matters.

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Property History for 16 King St, Korumburra, VIC 3950

A timeline of how this property has performed in the market
Last Sold
$645,000
09 Oct 2024
Listed for Rent
$470/w
13 Dec 2021
  • 09 Oct 2024
    Sold for $645,000
  • 04 Oct 2024
    Listed for Sale UNDER CONTRACT - $630,000 - $670,000
  • 05 Jul 2024
    Listed for Sale $630,000 - $670,000
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About Korumburra 3950

The size of Korumburra is approximately 59.9 square kilometres. It has 13 parks covering nearly 1.4% of total area. The population of Korumburra in 2011 was 4,374 people. By 2016 the population was 4,491 showing a population growth of 2.7% in the area during that time. The predominant age group in Korumburra is 60-69 years. Households in Korumburra are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Korumburra work in a trades occupation. In 2011, 74.2% of the homes in Korumburra were owner-occupied compared with 73% in 2016.

Korumburra has 3,102 properties. Over the last 5 years, Houses in Korumburra have seen a 65.12% increase in median value, while Units have seen a 66.00% increase. As at 31 October 2024:

  • The median value for Houses in Korumburra is $559,633 while the median value for Units is $443,273.
  • Houses have a median rent of $440 while Units have a median rent of $375.
There are currently 101 properties listed for sale, and 5 properties listed for rent in Korumburra on OnTheHouse. According to CoreLogic's data, 106 properties were sold in the past 12 months in Korumburra.

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